Universal Safety Products amends bylaws to allow meetings by remote communication

Universal Safety Products, Inc. (NYSE American:UUU) announced that its board of directors approved an amendment to the company’s bylaws on Thursday. According to a statement in a Securities and Exchange Commission filing, the amendment permits annual and special meetings of stockholders to be held at any location within or outside the State of Maryland, as well as by means of remote communication, as authorized by the Maryland General Corporation Law.

The change was adopted immediately following the board’s resolution. The company stated that the only substantive change made by this amendment was to update Article I, Sections 1 and 2(a) of the bylaws to reflect the new options for meeting locations and formats.

Universal Safety Products is based in Owings Mills, Maryland and operates in the wholesale electronic parts and equipment sector. Its common stock is listed on the NYSE American under the ticker UUU.

This information is based on a press release statement included in the company’s recent SEC filing.

In other recent news, Universal Security Instruments Inc. has appointed a new auditor following a change involving its previous auditing firm. On June 2, 2025, Marcum LLP stepped down as the company’s audit firm due to the acquisition of its attest business by CBIZ CPAs P.C. Subsequently, Universal Security’s Board of Directors’ Audit Committee approved CBIZ as the new independent registered public accounting firm. Notably, Marcum’s audit reports for the fiscal years ending March 31, 2024, and March 31, 2025, were free from adverse opinions or disclaimers. There were no disagreements between Universal Security and Marcum regarding accounting principles, financial statement disclosure, or auditing procedures during these periods. These developments highlight the company’s seamless transition to a new auditor without any reported issues from the previous audits.

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